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S-E Asia's Tencent starting to not resemble China's Tencent at all
Sea founder Forrest Li is aiming to reignite the firm's growth with its expansion in e-commerce and payments. But where Tencent is immensely profitable, Sea is immensely unprofitable - with signs that losses may grow deeper.
FILE PHOTO
Singapore
SINGAPORE'S Sea Ltd initially modelled itself on Chinese Internet colossus Tencent Holdings Ltd and is often called the Tencent of South-east Asia. Now that Sea has filed for an initial public offering (IPO) and given a peek at its financials, the resemblance is starting to...
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